Stephen H Baum Leadership

The feckless, amoral Congress ranted about TARP money funding Wall Street bonuses, then stopped fulminating. But where were the elected representatives and the administration’s money-disbursers when they allowed AIG to pay down tens of billions of debt to their friends at Goldman Sachs and the like. This did not reduce toxic assets or increase the flow of funds to businesses and homeowners.

But it does appear that Wall Street likes the certainty of an unlimited issuance of new money to bail out everyone in the financial industry.

That’s my view. What’s yours?